Full-Time

Assistant Vice President - US Statutory Financial Reporting

Financial Reporting

Posted on 8/8/2025

Fortitude Reinsurance

Fortitude Reinsurance

501-1,000 employees

Acquires and manages legacy runoff liabilities

Compensation Overview

$135k - $180k/yr

+ Annual Bonus

Nashville, TN, USA

Hybrid

Hybrid work arrangement.

Category
Accounting (2)
,
Required Skills
SAP Products
Data Analysis
Requirements
  • Undergraduate degree in accounting or finance required.
  • Recognized professional accounting designation (CPA or equivalent)
  • 6-8 years of experience in insurance industry financial reporting, with a strong focus on US statutory (NAIC) reporting within the life and annuity sector gained by either working in or supporting the reinsurance industry or public accounting.
  • Strong knowledge of US Statutory Accounting Principles (SAP) and NAIC statutory financial statement requirements.
  • Direct experience managing financial reporting, statutory close cycles, financial controls, and financial statement audits.
  • Strong analytical and critical thinking skills required to evaluate financial results, support regulatory filings, and provide insights that inform business and compliance decisions.
  • Strong organizational and project management skills, with proven ability to lead complex processes and meet critical deadlines.
  • Ability to coordinate cross-functional workflows and support internal teams while managing the output and alignment of off-shore staff to meet project goals.
  • Proficiency in financial systems and reporting tools (e.g., Sovos/Wings, Workiva, SAP, or similar).
Responsibilities
  • Oversee the preparation, review, and timely filing of NAIC statutory financial statements, including the quarterly and annual statements (Bluebooks, Yellowbooks and Greenbooks), audited financial statements, state supplements, and other regulatory reports for multiple US insurance entities and non-US insurance entities which require NAIC reporting for taxation purposes.
  • Work cross-functionally and collaboratively with finance, investments, capital management and actuarial teams for data needs to complete the financial statement disclosures and regulatory filings.
  • Prepares and reviews complex standard and non-standard reporting analyses of the statutory basis results to understand financial results and explain U.S. GAAP to U.S. statutory reporting basis differences.
  • In partnership with accounting policy, research new accounting policies and assist in ensuring effective reporting implementation. Monitor and evaluate changes to US Statutory Accounting Principles and NAIC guidance; provide impact analysis and lead implementation efforts across entities.
  • Drive process improvements and standardization efforts across the statutory reporting function, leveraging automation and system enhancements where applicable.
  • Ensure strong internal controls over statutory financial reporting and maintain documentation supporting regulatory compliance in conjunction with the Model Audit Rule (MAR) standard.
  • Provide support surrounding future growth and play a key role in onboarding new business.
  • Mentor and develop a team of off-shore staff, promoting technical excellence and operational efficiency within the team.
  • Serve as a key point of contact for regulators, external auditors, and internal stakeholders during audits, examinations, and filings.
Fortitude Reinsurance

Fortitude Reinsurance

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Fortitude Reinsurance buys and manages legacy insurance blocks, mainly life, annuity, and P&C runoff, to free clients' capital. It holds the liabilities and related assets, earning returns from investments and by running down the blocks over time. With a global footprint centered in Bermuda, it is backed by The Carlyle Group and T&D Holdings, giving it strong financial backing. Its goal is to help insurers optimize capital and protect policyholders while expanding its reinsurance business.

Company Size

501-1,000

Company Stage

Growth Equity (Non-Venture Capital)

Total Funding

$2.1B

Headquarters

Hamilton, Bermuda

Founded

2017

Simplify Jobs

Simplify's Take

What believers are saying

  • Launched Fortitude Carlyle Asia Reinsurance in 2024 with $700M capital targeting Asian annuities.
  • Secured $4B reinsurance deal with Taiyo Life and Unum Life agreement in 2024.
  • Raised $500M notes for FLIAC, boosting liquidity for legacy block acquisitions.

What critics are saying

  • James Bracken's 2024 exit to Zurich erodes strategic execution in U.S. operations.
  • Greta Hager's August 2024 CFO start disrupts Asia expansion financial oversight.
  • Apollo's Athene captures U.S. life runoff market share through 2026.

What makes Fortitude Reinsurance unique

  • Fortitude Re specializes in acquiring runoff life, annuity, and P&C insurance blocks from global insurers.
  • Bermuda-based with U.S. platform via Fortitude U.S. Reinsurance Company acquired in 2022.
  • Backed by Carlyle Group and T&D Holdings for capital-intensive legacy reinsurance deals.

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Benefits

Hybrid Work Options

Performance Bonus

Company News

Conyers
Nov 1st, 2025
Fortitude Re's Formation and Launch of Fortitude Carlyle Asia Reinsurance, Ltd.

Fortitude Re's formation and launch of Fortitude Carlyle asia reinsurance, ltd. Conyers advised FGH parent, L.P. ("FGP", and together with its subsidiaries, "Fortitude Re") in connection with the structuring, formation and launch of Fortitude Carlyle asia reinsurance, ltd. ("FCA Re"), and its affiliated holding entities. Fortitude Re, a leading global reinsurance company, partnered with global investment firm Carlyle (NASDAQ: CG) to form FCA Re as a Bermuda-based Class E reinsurance sidecar, to support Fortitude Re's strategic expansion into the Asian life and annuity market. FCA Re has secured over US$700 million in deployable capital, including equity and expected debt capacity. In addition to Fortitude Re and Carlyle, equity commitments were made by a consortium of institutional investors including T&D Insurance Group, AllianceBernstein, Shinhan Life, and the National Pension Service of Korea (NPS). Fortitude Re will act as the insurance sponsor, while Carlyle will serve as the asset management sponsor. Upon full capital deployment, FCA Re is expected to contribute approximately US$10 billion in fee-earning assets under management to Carlyle. The Conyers team led by Jacqueline King advised on all aspects of Bermuda law and regulation relating to the structuring of FCA Re, the capital raised through both equity and debt financing, and obtaining the licensing and transaction related approvals to ensure FCA Re was licensed to reinsure initial flow and block reinsurance transactions from Fortitude Re related to whole-life products and fixed annuity products. Director Jacqueline King, Senior Associates Alexis Haynes and Kathleen McBeath, and Associates Jacari Brimmer-Landy and Ryann Hollis provided Bermuda law advice on this matter, working alongside Debevoise & Plimpton LLP. Partner Anna-Lise Wisdom and Associate Farrah Miller provided Cayman Islands law advice.

Intelligent Insurer
Sep 30th, 2025
Fortitude Re Raises $500M in Notes

Fortitude Re, a Bermuda-based reinsurer, has raised $500 million through the funding agreement-backed note market for its Fortitude Life Insurance & Annuity Company (FLIAC).

Newton Media Ltd
Sep 30th, 2025
Fortitude Re raises $500m via funding agreement-backed notes

Fortitude Re raises $500m via funding agreement-backed notes.

Reinsurance News
Mar 21st, 2025
Fortitude Re announces $4bn reinsurance agreement with Taiyo Life

Fortitude Re announces $4bn reinsurance agreement with Taiyo Life.

The Royal Gazette
Feb 27th, 2025
Fortitude Re subsidiary signs reinsurance deal with Unum Life

Fortitude Re subsidiary signs reinsurance deal with Unum Life.

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